Overnight U.S. Stocks | Three major indices closed lower, Houston American Energy rose over 119%

According to Zhitong Finance APP, influenced by the news of Israel attacking Iran, risk aversion sentiment surged, leading to a massive sell-off of risk assets. On Friday, the three major indices closed lower. This week, all three major U.S. stock indices recorded declines, with the Dow Jones Industrial Average falling 1.32% over the week, the S&P 500 index down 0.39%, and the Nasdaq down 0.63%.

【U.S. Stocks】 At the close, the Dow fell 769.83 points, a decrease of 1.79%, closing at 42,197.79 points; the Nasdaq fell 255.66 points, a decrease of 1.30%, closing at 19,406.83 points; the S&P 500 index fell 68.29 points, a decrease of 1.13%, closing at 5,976.97 points. The energy and defense sectors maintained their upward momentum, with Houston American Energy (HUSA.US) rising over 119%, U.S. Energy (USEG.US) up 55.63%, and Lockheed Martin (LMT.US) up 3.66%. Tesla (TSLA.US) rose 1.94%.

【European Stocks】 The German DAX 30 index fell 257.13 points, a decrease of 1.08%, closing at 23,521.94 points; the UK FTSE 100 index fell 32.03 points, a decrease of 0.36%, closing at 8,852.89 points; the French CAC 40 index fell 80.43 points, a decrease of 1.04%, closing at 7,684.68 points; the Euro Stoxx 50 index fell 69.97 points, a decrease of 1.31%, closing at 5,290.85 points; the Spanish IBEX 35 index fell 173.20 points, a decrease of 1.23%, closing at 13,916.00 points; the Italian FTSE MIB index fell 494.39 points, a decrease of 1.24%, closing at 39,454.00 points.

【Asia-Pacific Stock Markets】 The Nikkei 225 index fell 0.89%, the South Korean KOSPI index fell 0.87%, and the Indonesian Composite Index fell 0.53%.

【Foreign Exchange】 On Friday (June 13), at the New York close, the ICE U.S. Dollar Index rose 0.26%, closing at 98.179 points, down 1.02% for the week. From Monday to Wednesday, it fluctuated at a high level, reaching a maximum of 99.390 points, then continued to decline on Wednesday and Thursday, dropping to a low of 97.602 points, before slightly rebounding on Friday amid tensions between Israel and Iran. The Bloomberg Dollar Index rose 0.26%, closing at 1,203.13 points, down 0.71% for the week, with an overall trading range of 1,213.53-1,197.45 points.

【Metals】 COMEX gold futures rose 1.47%, closing at $3,452.3 per ounce, up 3.18% for the week. COMEX silver futures rose 0.14%, closing at $36.345 per ounce, up 0.57% for the week. Trade Nation analyst David Morrison stated that after struggling for about six weeks, gold has steadily climbed above $3,400 per ounce, and it will be interesting to see if it can hold this level before the weekend. It is also noteworthy that even with a significant rise in the dollar, gold prices are still increasing. This indicates that the negative correlation between these two assets is not as tight as traders previously believed [Cryptocurrency] Bitcoin and Ethereum decline. Bitcoin fell 0.11% to $105,788.4; Ethereum dropped over 3.2% to $2,563.03.

[Crude Oil] International crude oil futures settlement price surged significantly. WTI July crude oil futures rose $4.87, an increase of 7.02%, to $74.23 per barrel, with a cumulative increase of about 13% this week.

[Macroeconomic News]

Iran launches retaliatory airstrikes against Israel. In the early hours of today (June 14) Beijing time, Iran launched a large number of missiles at Israel in retaliation for Israel's ongoing airstrikes against Iran that day. According to the Israeli military, Israel "monitored two waves of missile attacks from Iran in the past hour, with a total of fewer than 100 missiles, most of which were intercepted or fell mid-flight," and some buildings in Israel were hit by debris from intercepted missiles. Israeli media reported, citing health department sources, that 41 people were injured in the attack. Reports from Iran's official news agency indicated that Iran fired "hundreds of" missiles at Israel during the retaliatory action that night. The Islamic Revolutionary Guard Corps of Iran earlier stated that this round of retaliatory actions against Israel was codenamed "True Promise-3." The Guard's interim battle report did not mention the total number of missiles launched but stated that "dozens of" missiles breached Israel's air defense system and "accurately hit strategic targets."

Trump: Still plans to meet with Iran on Sunday, not worried about regional war outbreak. U.S. President Trump stated in a telephone interview with Reuters on Friday that it is currently unclear whether Iran still retains its nuclear program after Israel's attack on Iran. Trump said, "The U.S. still plans to negotiate with Iran on nuclear issues on Sunday, but it is uncertain whether the negotiations will still take place. It is not too late for Iran to reach an agreement. I have tried to save Iran from humiliation and death. I am not worried that Israel's airstrikes will lead to a regional war outbreak."

UK Prime Minister Starmer: No obstacles to finalizing trade agreement with the U.S. UK Prime Minister Keir Starmer stated that there are no "turbulence or obstacles" on the road to reaching a trade agreement with the U.S., and that the agreement may soon be finalized. "I hope we can complete it soon," Starmer said in an interview on Friday regarding the agreement, "There have been no surprises in the execution process, so we have not encountered any turbulence or obstacles."

European Central Bank President Lagarde: U.S. tariff measures create a "lose-lose situation." European Central Bank President Christine Lagarde recently stated that the series of tariff increases and threats from the U.S. government are suppressing global investment, leading all institutions to lower their growth expectations for the global economy, the U.S. economy, and the European economy. "The situation we face is indeed a lose-lose situation," Lagarde told reporters in Beijing on the 12th, adding that the sooner uncertainties are eliminated and parties reach agreements on tariff and non-tariff barriers, the greater the benefits for everyone.

[Individual Stock News]

Tempus (TEM.US) investors file lawsuit against short-selling firms' AI and CEO allegations. A proposed class action lawsuit claims that Tempus AI misled investors about its trading value and artificial intelligence (AI) capabilities, concealing weaknesses in its operations and revenue prospects According to a lawsuit filed Thursday in the U.S. District Court for the Northern District of Illinois, a report from a short-selling agency on May 28 accused Tempus of exaggerating its AI-driven revenue and questioned the work experience of its executives. On that day, the stock price fell more than 19%, closing at $53.20. According to compiled data, this is the largest single-day drop in stock price for the AI medical analytics company since its IPO in June 2024.

Swedish pension fund AP7 blacklists Tesla (TSLA.US) and has liquidated all its holdings. The Swedish pension fund AP7 announced on Friday that it has placed Tesla on its investment blacklist and liquidated all its holdings due to verified violations of union rights by the American electric vehicle manufacturer. "AP7 decided to blacklist Tesla due to verified labor rights violations in the U.S.," the pension fund stated. "Despite years of dialogue, including joint shareholder proposals with other investors, the company has still not taken sufficient measures to address these issues." An AP7 spokesperson revealed that when the fund liquidated its holdings at the end of May, the Tesla shares it held were valued at approximately 13 billion Swedish Krona (1.36 billion USD). This holding accounted for about 1% of AP7's total stock fund size. According to data from AP7's official website, as of the end of May, the total assets under management by the fund reached 11.81 trillion Swedish Krona.

【Major Ratings】

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